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Other financials

Income statement

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Revenue$1.9B+92.8%
Gross profit$1.6B+102%
Operating income$912.0M+239%
EPS (diluted)$0.41+215%

Balance sheet

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Cash & equivalents$2.1B+117%
Total debt$211.4M-11.1%
Total equity$9.8B+64.9%
Total assets$11.7B+58.6%

Cash flow

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Operating cash flow$1.2B+126%
CapEx$14.6M+90.6%
Free cash flow$1.2B+126%

Valuation

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Market cap$426.54B+14.7%
Enterprise value$424.69B+14.4%
P/E141.4×-346×
P/S69.3×-38.8×

Profitability

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Gross margin84.8%+4.8pp
Operating margin42.8%+26.2pp
Net margin49%+26.8pp
FCF margin54.6%+4.9pp

Returns & leverage

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Return on equity38.4%+23.1pp
Debt / equity0.0×
Current ratio7.2×+0.9×

Where this comes from

Reported directly by Palantir Technologies Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Palantir Technologies Inc.’s 10-Q, filed August 4, 2026.

Filed
Aug 3, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001321655-26-000041
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Provision for income taxes15,3833,59627,5829,195
Net income1,065,962328,5721,942,364546,289
Less: Net income attributable to noncontrolling interests4,0721,8459,9475,531
Net income attributable to common stockholders$1,061,890$326,727$1,932,417$540,758
Earnings per share attributable to common stockholders, basic$0.44$0.14$0.81$0.23
Earnings per share attributable to common stockholders, diluted$0.41$0.13$0.75$0.21
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic2,399,8202,365,1962,396,8612,356,983
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted2,568,6942,562,9122,569,8262,557,911

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Palantir Technologies Inc.'s net income?
Palantir Technologies Inc. (PLTR) reported net income of $1.06B in Q2 2026.
How has Palantir Technologies Inc.'s net income changed year-over-year?
Palantir Technologies Inc.'s net income increased by 225.0% year-over-year, from $326.73M to $1.06B.
What is the long-term trend for Palantir Technologies Inc.'s net income?
Over 4 years (2021 to 2025), Palantir Technologies Inc.'s net income has grown at a 32.9% compound annual growth rate (CAGR), from -$520.38M to $1.63B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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